How Botswana Became the World’s Fastest-Growing Economy
From 1965 to 1995, Botswana recorded the fastest rate of economic growth in the world. The spectacular success of Botswana has baffled many analysts, because after securing independence in 1966, Botswana's prospects were unpromising. After all, Botswana is landlocked and on
From Livestock to Bitcoin: “Legitimacy” and the Evolution of Money
Without money, specialization is constrained; without money, dreams of constructing an advanced society are merely a utopian pipe dream. Original Article: "From Livestock to Bitcoin: "Legitimacy" and the Evolution of Money" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated
The ECB’s New Inflation Plan Is Like the Old Plan. But Worse.
Old, absurd, and unfit for purpose; how else to describe the “new” monetary framework for euro monetary policy presented by ECB Chief Lagarde amidst much fanfare on Thursday, July 8? Why old? The “new” framework is remarkably similar to that unveiled
The Fiat Standard with Dr. Saifedean Ammous
Saifedean Ammous, famous for The Bitcoin Standard, has a remarkable new book detailing the effects of fiat money on virtually every aspect of society. In the tradition of Guido Hülsmann's The Ethics of Money Production, Ammous returns with The Fiat
America’s First Housing Bubble and the Panic of 1819
From the Roaring Twenties to the "great moderation," America has always shown a flair for labeling things, and speculative manias are no exception. Historians remember the ignorant, blissfully happy times that preceded the Panic of 1819 by the same label
Can the Dollar Survive Both Cryptocurrencies and China?
The outcome of today's currency race is uncertain. The credibility of the leading fiat currencies has suffered substantially. Their instability has fueled crises and weakened growth, so the demand for an alternative store of value is high. Original Article: "Can the
Political Economy and Political Philosophy Share a Source: Scarcity
Hans Hoppe’s famous “argumentation ethics” has generated a great deal of attention among libertarians, and deservedly so. Has Hoppe produced an ironclad demonstration that people have libertarian rights? I don’t propose to contribute to that discussion on this occasion. Rather,
Biden’s Economic Team Predicts Long-Term Slow Growth
Stagnation is real, but it isn’t “secular”—that is, sluggish growth doesn’t have to happen. The coming stagnation isn’t foreordained; it is simply the inevitable outcome of a progressive agenda that disdains free enterprise. Original Article: "Biden's Economic Team Predicts Long-Term Slow
Industrialization Is the Antidote to Global Poverty. Global Warming Activists Don’t Care.
Having long ago lost the argument that capitalism can't deliver a higher standard of living, the Left's current anti-capitalist strategy is to claim capitalism requires environmental destruction. Yet even if one were to assume carbon emissions are the driving factor behind
There’s a New “Study” Showing 26% of Americans Are Right-Wing Authoritarians. There’s Nothing Scientific about It.
The cognitive dissonance of American academia and journalism is on full display in this survey. Original Article: "There's a New "Study" Showing 26% of Americans Are Right-Wing Authoritarians. There's Nothing Scientific about It." This Audio Mises Wire is generously sponsored by Christopher